Instruction 14-21
Given below are the average prices for three types of energy products in Australia from 2006 to 2010.
-Referring to Instruction 14-21,what is the Laspeyres price index for the group of three energy items in 2009 for a family that consumed 15 units of electricity,24 units of natural gas and 200 units of fuel oil in 2006 using 2006 as the base year?
Correct Answer:
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